NEW YORK CITY—“The accounting issues are unacceptable and we are taking the personnel and other actions necessary to ensure that this does not happen again,” the net lease REIT's CEO, David S. Kay, said Wednesday.

When looking into some of the up-and-coming markets in the country, one would find many of them in the Southeast. It's no surprise, then, that the up-and-coming CRE professionals in those areas are making a name for themselves in the industry. Here's a sampling of the region's emerging leaders.

GREENWICH, CT—Starwood Distressed Opportunity Fund X will be evenly divided between US and Europe investments, according to <i>PERE</i>; it's targeting between $4 billion and $5 billion in fundraising.

NEW YORK CITY—Co-headed by Richard Mack and Peter Sotoloff, formerly of the Blackstone Group, Mack Real Estate Credit Strategies will focus on transitional and distressed assets.

NEW YORK CITY—Dune has already committed more than a quarter of Fund III, which will target distressed, deep value-add and contrarian investments, primarily in the US.

CHARLOTTESVILLE, VA—Debt continues to set the pace for equity REIT fundraising, says SNL Financial, with Prologis recording the largest debt offering over the past few weeks.

The post-1993 real estate trust is better prepared to absorb the potential impact on share prices and debt financing costs

SAN FRANCISCO—The new CEO joined the Swig Co. one year into the tenure of his predecessor, during which time the company branched out from its roots in the hospitality industry.